This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
3-bedroom, 3-bathroom apartment of 223 m², built in 2007, energy rating D. Located on rua Dom Afonso V, 3, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment complex includes an indoor swimming pool and an on-site restaurant, enhancing the guest experience with high-quality amenities in a prime coastal location.
The valuation. The asking price of €550,000 is substantially above fair value at €422,647, indicating it is overpriced by €127,353 (23.2%). This discrepancy suggests limited room for negotiation in favor of the buyer.
Fair value modelled at €422,647 from the area baseline, adjusted for condition and location. Asking €550,000 sits €127,353 (23.2%) above — overpriced versus fair value.
Asking €550,000 versus the rua Dom Afonso V, 3 area baseline of €719,398 (€3,226/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 75 · Materials 78 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Dom Afonso V, 3
Area baseline €719,398 + condition +€4,530 + location +€35,226 = modelled fair value of €422,647 (€1,895/m²), a €127,353 (23.2%) gap versus the €550,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Dom Afonso V, 3 | Subject | €550,000 | €2,466 | — | 75 | 73 |
| Portimão · dbd491 | Active | €460,000 | €2,754 | 11.7% | 72 | 70 |
| praceta dos Cooperantes, 18 | Active | €310,000 | €2,925 | 18.6% | 80 | 73 |
| estrada de Alvor | Active | €265,000 | €1,893 | 23.3% | — | 71 |
| Portimão · 25f918 | Active | €349,900 | €2,536 | 2.8% | 66 | 79 |
| Median comp | €329,950 | €2,645 | 7.2% | 72 | 72 |
Short-term vacation rental The property, listed at €550,000, is overpriced by 23.2% compared to its fair value of €422,647, limiting potential profitability in the short-term vacation rental market. With a gross yield of only 4.1% in a seasonal employment area, the investment may not generate the expected returns during peak tourist periods. Long-term rental At a price point of €550,000, this property is considered overpriced, with a fair value that suggests it should be closer to €422,647. The current gross yield of 4.1% highlights the challenges of securing attractive long-term rental returns in a market heavily influenced by seasonal demand. Buy-and-hold With a fair value of €422,647 and an asking price reflecting a 23.2% premium, this 3-bed apartment appears overpriced for a buy-and-hold strategy. Additionally, its lower yield of 4.1% and condition rating of 76 out of 100 raise concerns about long-term appreciation potential amidst cyclical tourism fluctuations.
Tenant turnover risk With a tenant stability score of 60/100, there is a significant risk of high tenant turnover, which can lead to increased vacancy rates and subsequent cash flow disruptions.
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